§ 4-10-107 — Governing law

Wyoming § 4-10-107

• Jurisdiction: Wyoming
• Title 04: Fiduciaries
• Ch. 10: UNIFORM TRUST CODE
• Art. 1: GENERAL PROVISIONS AND DEFINITIONS

Text

(a) The meaning and effect of the terms of a trust are
determined by:
(i) The law of the jurisdiction designated in the
terms of the trust; or
(ii) In the absence of a controlling designation in
the terms of the trust, the law of the jurisdiction having the
most significant relationship to the matter at issue. In
determining the most significant relationship, the principal
place of administration as defined in W.S. 4-10-108 shall be the
most heavily weighted factor and the location of trust property
shall be the second most significant factor. The least
significant factors shall be where the beneficiaries or settlor
are domiciled.
(b) The law of the jurisdiction designated in the terms of
the trust may be changed to the principal place of
administration by a court with subject matter jurisdiction.
(c) If the law of this state governs the meaning and
effect of the terms of a trust in accordance with paragraph
(a)(i) or subsection (b) of this section, the trust and any
transfer of property by a settlor to the trust, or any
disposition made subject to the terms of the trust, shall not be
void, voidable, set aside or deemed defective in any manner for
any reason including:
(i) That the law of a foreign jurisdiction prohibits
or does not recognize the trust;
(ii) That the trust, transfer of property by a
settlor to the trust, or disposition made subject to the terms
of the trust avoids or defeats any forced heirship or legitime
right, claim or interest under the law of a foreign
jurisdiction; or
(iii) That the law or public policy of a foreign
jurisdiction does not recognize or limits the validity or
enforceability of any or all of the terms of the trust if the
terms are valid and enforceable under the laws and public policy
of this state.